'Reducing Systematic Risk with an International Financial Code'

Total Page:16

File Type:pdf, Size:1020Kb

'Reducing Systematic Risk with an International Financial Code' ‘Reducing Systematic Risk with an International Financial Code’ A Thesis submitted by Hassaan Joosub in partial completion of the award of Doctor of Philosophy ‘I hereby declare that the Thesis submitted is wholly the work of Hassaan Joosub Any other contributors or sources have either been referenced in the prescribed manner or are listed in the acknowledgments together with the nature and scope of their contribution. Geneva School of Diplomacy and International Relations University Institute 2018 I agree that, should the School wish to retain it for reference purposes, a copy of my Thesis may be held by the Geneva School of Diplomacy and International Relations. Confidentiality I confirm that this Thesis does not contain information of a commercial or confidential nature or include personal information other than that which would normally be in the public domain unless the relevant permissions have been obtained. In particular, any information which identifies a particular individual’s religious or political beliefs, information relating to their health, ethnicity, criminal history or gender, has been made anonymous, unless permission has been granted for its publication from the person whom it relates. Copyright The copyright for this Thesis remains with me. Requests for Information I agree that this Thesis may be made available for review and kept in the public domain. Signed: Name: Date: Programme: JOOSUB 3 Geneva School of Diplomacy and International Relations University Institute Name: Hassaan JOOSUB Title: ‘Reducing Systematic Risk with an International Financial Code’ Advisor: Osvaldo R. AGATIELLO Abstract This paper suggests an alternative framework for money, banking and finance. Aspects and applications of Abrahamic law are explored along with other banking reform plans, namely the Chicago Plan, the IMF’s Special Drawing Rights, and the gold standard. The epilogue also takes a special look at the applications of the evolving blockchain technology phenomenon. Historical real economy transactions demonstrate the transformation of gold, silver and other asset backed currencies as a means of exchange, to bills, representing a fiat currency. Existing government, corporate and banking structures prove that the aforementioned transformation has facilitated disequilibrium in the global monetary system by relying on the tenets of interest, debt and speculation. Nine areas of systematic financial importance have been isolated for examination and structural reform. Thus, the aftermath of the Bretton Woods system reveals the duality of apparently flourishing commerce coupled with a degradation of ethics in international finance. The polarity on wealth and lifestyle has never been so wide. Existing research on historical policies and various banking products exhibits the inescapable cyclical nature of the global financial economy. Many reputable scholars agree that our financial ecosystem is on the brink of catastrophic collapse. This paper will explore and recommend alternative principles for immediate adoption that may aid in avoiding a global economic catastrophe. Historical evidence referenced in the body of the paper will justify the macroprudential reform proposals that ultimately culminate into an International Financial Code. This series of nine Articles detail the proposed fully backed, bimetallic Special Drawing Right, which proves to remain secular whilst being more ethical in approach. Word Count: 71,000 JOOSUB 4 TABLE OF CONTENTS GLOSSARY 7 PROLOGUE 11 INTRODUCTION 16 LITERATURE REVIEW 24 1. CHAPTER 1 – HISTORICAL CONTEXT 24 1.1. Circa 1640, Modern Banking is Born 24 1.2. 1880 to the Great Depression, The Golden Years of the Gold Standard 26 1.3. 1944 to 1971, The Bretton Woods Agreement 28 1.4. 1971 to Today, The Aftermath of the Bretton Woods Agreement 32 2. CHAPTER 2 – MINOR REFORMS 34 2.1. Dodd-Frank Act, 2010 34 2.2. Central Banks and Other Regulatory Bodies 37 2.3. Ethical Attempts – Economic Policy Prescriptions 40 2.4. Ethical Attempts – Islamic Finance? 42 3. CHAPTER 3 – MAJOR REFORMS 57 3.1. Solutions with a Short Shelf Life 57 3.2. The Chicago Plan 59 3.3. Special Drawing Rights 62 3.4. The Gold Standard 66 4. CHAPTER 4 – REGULATORY PERSPECTIVES 74 4.1. Structural Versus Cyclical 74 4.2. Macroprudential Versus Microprudential 78 METHODOLOGY 84 5. CHAPTER 5 – RESEACH APPROACH 84 5.1. Selection Criterion 84 RESEARCH ANALYSIS 88 6. CHAPTER 6 – EXAMINATION OF CURRENT LANDSCAPE 88 6.1. Money 88 6.2. Debt 93 6.3. Capital Adequacy 97 6.4. Credit Rating Agencies (CRA) 103 6.5. Accounting Principles 106 6.6. Shadow Banking 109 6.7. Derivatives 111 6.8. Too big to Bail – too big to fail 115 6.9. Proprietary Trading 120 JOOSUB 5 IMPLICATIONS OF RESEARCH FINDINGS 125 7. CHAPTER 7 – REVISION OF MINOR REFORMS 125 7.1. ‘Ethical’ Finance Revisited 125 7.2. Platform for Ethical Codification 128 7.3. International Financial Code 131 8. CHAPTER 8 – REVISION OF MAJOR REFORMS 148 8.1. A ‘Gold Standard’ Revisited 148 8.2. Monetarists Versus Austrians 152 8.3. The Golden SDR 156 8.4. The Silver Crutch 158 9. CHAPTER 9 – INTERNATIONAL FINANCIAL CODE 167 9.1. Connection to Research Analysis 167 1. Article I 168 2. Article II 172 3. Article III 173 4. Article IV 175 5. Article V 177 6. Article VI 178 7. Article VII 181 8. Article VIII 182 9. Article IX 184 10. CHAPTER 10 – FUTURE LANDSCAPE 187 10.1. The Faustian Prospect 187 10.2. What is the Role of Banks? 191 10.3. The End is Nigh 194 10.4. IMF in the Spotlight 199 CONCLUSION 207 11. CHAPTER 11 – RESEARCH FINDINGS 207 11.1. Existing Contributions 207 11.2. Original Contributions 208 11.3. Research Limitations 212 11.4. Implications for Future Research 216 11.5. Closing Remarks 220 EPILOGUE 222 12.1. An Ode to Blockchain 222 12.2. Decentralization Revolution 223 12.3. The End of Cash 226 12.4. Blockchain Decoded 227 12.5. The Useful Puzzle 229 12.6. Absolute Transparency 230 12.7. Mining 232 12.8. The Birth of Bitcoins 233 12.9. Bitcoin Mania 237 13.0. Funny Money 241 JOOSUB 6 13.1. New Frontiers 245 13.2. Déjà Vu 248 13.3. Theoretical Justifications 250 13.4. In Defence of Easy Money 256 13.5. Seven Habits of a Highly Effective Bitcoin 263 13.6. Geopolitical Tension 267 13.7. Connection to Research 271 13.8. Bitcoin Teething Troubles 275 13.9. David and Goliath 280 14.0. Conclusions 287 REFERENCE LIST 294 • Books 294 • Books with an Editor 295 • Journals 295 • Newspapers, Print & Digital 296 • Websites 300 • Blogs 308 • Interviews 309 • Government Agency Publications 309 • Parliamentary & Legal 311 • Conferences 311 • Theses & Studies 311 • Audio Visual 315 JOOSUB 7 GLOSSARY AAOIFO Accounting and Auditing Organization for Islamic Financial Institutions ABCP Asset Backed Commercial Paper Conduit ABCT Austrian Business Cycle Theory ACE Allowance for Corporate Equity AI Artificial Intelligence AIIB Asian Infrastructure Investment Bank ASIC Application Specific Integrated Circuit ATM Automated Teller Machine AUM Assets Under Management BCBS Basel Committee on Banking Supervision BCCI Bank of Credit and Commerce International BIS Bank of International Settlements BLME Bank of London and The Middle East BRICS Brazil, Russia, India, China, South Africa BTC Bitcoin BWC Bretton Woods Committee CAR Capital Adequacy Ratio CBCC Central Bank Cryptocurrency CBOE Chicago Board Options Exchange CD Certificate of Deposit CDO Collateralized Default Obligation CDS Credit Default Swap CDX Credit Default Swap Index CEO Chief Executive Officer CET1 Common Equity Tier 1 CFR Council on Foreign Relations CFTC Commodity Futures Trading Commission CIA Central Intelligence Agency CME Chicago Mercantile Exchange COMMEX Commodity Exchange, Inc. CPI Corruption Perceptions Index CPU Central Processing Unit CRA Credit Rating Agency CRIF Credit Information S.p.A CRM Customer Relationship Management DBRS Dominion Bond Rating Service Limited DIB The Dubai Islamic Bank DIF Deposit Insurance Fund DLT Distributed Ledger Technology DoD Department of Defence, U.S. ECDSA Elliptical Curve Digital Signature EMDC Emerging Markets and Developing Economies EMH Efficient Market Hypothesis EMIR European Market Infrastructure Regulation ESMA European Securities and Market Authority ETF Exchange Traded Fund EU European Union FASB Financial Accounting Stability Board FASEB Federation of American Societies for Experimental Biology FINMA Swiss Financial Market Supervisor Authority JOOSUB 8 FOMO Fear of Missing Out FSA Financial Services Authority, UK FSB Financial Stability Board FT Financial Times FX Foreign Exchange G10 Group of Ten G20 Group of Twenty G30 Group of Thirty GAAP Generally Accepted Accounting Principles GBP British Pound (ISO 4217) GDP Gross Domestic Product GE General Electric GFSN Global Financial Safety Net GPI Global Peace Index GLBA Gram-Leach-Bliley Act, 1999 GM General Motors HBS Harvard Business School HDI Human Development Index HPM High Powered Money HQLA High Quality Liquid Assets HSBC Hong-Kong Shanghai Banking Corporation IAIS International Association of Insurance Supervisors IAS International Accounting Standards IASB International Accounting Standards Board IBRD International Bank for Reconstruction and Development ICAAP Internal Capital Adequacy Assessment Process ICO Initial Coin Offering ICU International Clearing Union IDB Islamic Development Bank IEF Index of Economic Freedom IFC International Financial Code IMF International Monetary Fund ING International Netherlands Group IOSCO International Organization of Securities Commission IPO Initial Public Offering ISDA International Swaps
Recommended publications
  • The Global Risks Report 2017 12Th Edition
    Insight Report The Global Risks Report 2017 12th Edition Strategic Partner of the Report The Global Risks Report 2017 12th Edition Strategic Partners Marsh & McLennan Companies Zurich Insurance Group Academic Advisers National University of Singapore Oxford Martin School, University of Oxford Wharton Risk Management and Decision Processes Center, University of Pennsylvania Contents 4 Preface By Klaus Schwab 5 Foreword 6 Executive Summary 8 Introduction 10 Part 1: Global Risks 2017 – Economy: Growth and Reform – Society: Rebuilding Communities – Technology: Managing Disruption – Geopolitics: Strengthening Cooperation – Environment: Accelerating Action 22 Part 2: Social and Political Challenges 23 2.1 Western Democracy in Crisis? 29 2.2 Fraying Rule of Law and Declining Civic Freedoms: Citizens and Civic Space at Risk 35 2.3 The Future of Social Protection Systems 42 Part 3: Emerging Technologies 43 3.1 Understanding the Technology Risk Landscape 48 3.2 Assessing the Risk of Artificial Intelligence 53 3.3 Physical Infrastructure Networks and the Fourth Industrial Revolution 58 Conclusion 60 Appendices Appendix A: Description of Global Risks, Trends and Emerging Technologies 2017 Appendix B: Global Risks Perception Survey 2016 and Methodology 68 Acknowledgements In addition to these gravity centres, this year’s Global Risks Report presents Preface deep-dive discussions of risks posed by ongoing political and societal transformations, including challenges to democracy, closing space for civil society, and outmoded social protection systems. It also discusses risks related to emerging technologies of the Fourth Industrial Revolution and the associated governance challenges. As in previous years, the analysis contained in this Report builds on the annual Global Risks Perception Survey, completed by almost 750 members of the World Economic Forum’s global multistakeholder community.
    [Show full text]
  • Statute Law Revision Bill 2007 ————————
    ———————— AN BILLE UM ATHCHO´ IRIU´ AN DLI´ REACHTU´ IL 2007 STATUTE LAW REVISION BILL 2007 ———————— Mar a tionscnaı´odh As initiated ———————— ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. General statute law revision repeal and saver. 3. Specific repeals. 4. Assignment of short titles. 5. Amendment of Short Titles Act 1896. 6. Amendment of Short Titles Act 1962. 7. Miscellaneous amendments to post-1800 short titles. 8. Evidence of certain early statutes, etc. 9. Savings. 10. Short title and collective citation. SCHEDULE 1 Statutes retained PART 1 Pre-Union Irish Statutes 1169 to 1800 PART 2 Statutes of England 1066 to 1706 PART 3 Statutes of Great Britain 1707 to 1800 PART 4 Statutes of the United Kingdom of Great Britain and Ireland 1801 to 1922 [No. 5 of 2007] SCHEDULE 2 Statutes Specifically Repealed PART 1 Pre-Union Irish Statutes 1169 to 1800 PART 2 Statutes of England 1066 to 1706 PART 3 Statutes of Great Britain 1707 to 1800 PART 4 Statutes of the United Kingdom of Great Britain and Ireland 1801 to 1922 ———————— 2 Acts Referred to Bill of Rights 1688 1 Will. & Mary, Sess. 2. c. 2 Documentary Evidence Act 1868 31 & 32 Vict., c. 37 Documentary Evidence Act 1882 45 & 46 Vict., c. 9 Dower Act, 1297 25 Edw. 1, Magna Carta, c. 7 Drainage and Improvement of Lands Supplemental Act (Ireland) (No. 2) 1867 31 & 32 Vict., c. 3 Dublin Hospitals Regulation Act 1856 19 & 20 Vict., c. 110 Evidence Act 1845 8 & 9 Vict., c. 113 Forfeiture Act 1639 15 Chas., 1. c. 3 General Pier and Harbour Act 1861 Amendment Act 1862 25 & 26 Vict., c.
    [Show full text]
  • The Bank of England and the Bank Act of 1844 Laurent Le Maux
    Central banking and finance: the Bank of England and the Bank Act of 1844 Laurent Le Maux To cite this version: Laurent Le Maux. Central banking and finance: the Bank of England and the Bank Act of1844. Revue Economique, Presses de Sciences Po, 2018. hal-02854521 HAL Id: hal-02854521 https://hal.archives-ouvertes.fr/hal-02854521 Submitted on 8 Jun 2020 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Central banking and finance: the Bank of England and the Bank Act of 1844 Laurent LE MAUX* May 2020 The literature on the Bank of England Charter Act of 1844 commonly adopts the interpretation that it was a crucial step in the construction of central banking in Great Britain and the analytical framework that contrasts rules and discretion. Through examination of the monetary writings of the period and the Bank of England’s interest rate policy, and also through the systematic analysis of the financial aspect of the 1844 Act, the paper shows that such an interpretation remains fragile. Hence the present paper rests on the articulation between monetary history and the history of economic analysis and also on the institutional approach to money and banking so as to assess the consequences of the 1844 Act for the liquidity market and the relations between the central bank and finance.
    [Show full text]
  • Global Digital Cultures: Perspectives from South Asia
    Revised Pages Global Digital Cultures Revised Pages Revised Pages Global Digital Cultures Perspectives from South Asia ASWIN PUNATHAMBEKAR AND SRIRAM MOHAN, EDITORS UNIVERSITY OF MICHIGAN PRESS • ANN ARBOR Revised Pages Copyright © 2019 by Aswin Punathambekar and Sriram Mohan All rights reserved This book may not be reproduced, in whole or in part, including illustrations, in any form (beyond that copying permitted by Sections 107 and 108 of the U.S. Copyright Law and except by reviewers for the public press), without written permission from the publisher. Published in the United States of America by the University of Michigan Press Manufactured in the United States of America Printed on acid- free paper First published June 2019 A CIP catalog record for this book is available from the British Library. Library of Congress Cataloging- in- Publication data has been applied for. ISBN: 978- 0- 472- 13140- 2 (Hardcover : alk paper) ISBN: 978- 0- 472- 12531- 9 (ebook) Revised Pages Acknowledgments The idea for this book emerged from conversations that took place among some of the authors at a conference on “Digital South Asia” at the Univer- sity of Michigan’s Center for South Asian Studies. At the conference, there was a collective recognition of the unfolding impact of digitalization on various aspects of social, cultural, and political life in South Asia. We had a keen sense of how much things had changed in the South Asian mediascape since the introduction of cable and satellite television in the late 1980s and early 1990s. We were also aware of the growing interest in media studies within South Asian studies, and hoped that the conference would resonate with scholars from various disciplines across the humanities and social sci- ences.
    [Show full text]
  • New Solar Research Yukon's CKRW Is 50 Uganda
    December 2019 Volume 65 No. 7 . New solar research . Yukon’s CKRW is 50 . Uganda: African monitor . Cape Greco goes silent . Radio art sells for $52m . Overseas Russian radio . Oban, Sheigra DXpeditions Hon. President* Bernard Brown, 130 Ashland Road West, Sutton-in-Ashfield, Notts. NG17 2HS Secretary* Herman Boel, Papeveld 3, B-9320 Erembodegem (Aalst), Vlaanderen (Belgium) +32-476-524258 [email protected] Treasurer* Martin Hall, Glackin, 199 Clashmore, Lochinver, Lairg, Sutherland IV27 4JQ 01571-855360 [email protected] MWN General Steve Whitt, Landsvale, High Catton, Yorkshire YO41 1EH Editor* 01759-373704 [email protected] (editorial & stop press news) Membership Paul Crankshaw, 3 North Neuk, Troon, Ayrshire KA10 6TT Secretary 01292-316008 [email protected] (all changes of name or address) MWN Despatch Peter Wells, 9 Hadlow Way, Lancing, Sussex BN15 9DE 01903 851517 [email protected] (printing/ despatch enquiries) Publisher VACANCY [email protected] (all orders for club publications & CDs) MWN Contributing Editors (* = MWC Officer; all addresses are UK unless indicated) DX Loggings Martin Hall, Glackin, 199 Clashmore, Lochinver, Lairg, Sutherland IV27 4JQ 01571-855360 [email protected] Mailbag Herman Boel, Papeveld 3, B-9320 Erembodegem (Aalst), Vlaanderen (Belgium) +32-476-524258 [email protected] Home Front John Williams, 100 Gravel Lane, Hemel Hempstead, Herts HP1 1SB 01442-408567 [email protected] Eurolog John Williams, 100 Gravel Lane, Hemel Hempstead, Herts HP1 1SB World News Ton Timmerman, H. Heijermanspln 10, 2024 JJ Haarlem, The Netherlands [email protected] Beacons/Utility Desk VACANCY [email protected] Central American Tore Larsson, Frejagatan 14A, SE-521 43 Falköping, Sweden Desk +-46-515-13702 fax: 00-46-515-723519 [email protected] S.
    [Show full text]
  • Financial, Business and General Media Email Distribution
    Financial, Business and General Media Email Distribution Title Title A Connecticut Law Blog IQ (Insider Quarterly) (2) A Dash of Insight IR Magazine (6) A Diary of Injustice in Scotland IR Magazine - London Bureau (2) A Georgia Lawyer IR Magazine - New York Bureau (2) A Passion for Research IR Update a public defender IranContact A Spokesman Said Iravunk A-Team Group - Risk-Technology.net Ireland Business Insider A.M. Best Europe (2) Ireson, Nelson A&B Blawg Briefs iRights.info AAHOA Lodging Business Irish Examiner AAII Journal (2) Irish Examiner - Business Desk AAII Journal Online Irish Examiner - Freelancers AARP Irish Examiner - irishexaminer.com AARP Bulletin Today (3) Irish Examiner - Picture Desk AARP The Magazine (4) Irish Examiner - Property AARP.com Blog Irish Examiner - Sports Desk AARP.org Irish News - Business Desk, The ABA Journal Irish News, The ABA Journal Online Irish Pharmacist ABA Trust Letter Is4profit.com (2) ABA Washington Letter, The Isabel Winklbauer ABA Washington Summary iSave A2Z Abbamonte, Lee ISCOTUS - blogs kentlaw ABC Magazine (Sussex) ISDA (2) ABC News Radio Network ISDA - USA, New York Bureau ABC Television Network (2) Iskra abfjournal (3) Islamic Finance Information Service ABI Journal (2) Islamic Law and Society ABL Advisor (3) Islamic Law In Our Times ABLawg ISO Management Aboriginal Law Blog ISOS About.com (5) israelinfo.co.il Above The Law Issues in Accounting Education Above the Market IST Magazine Absolute Return IStR - Internationales Steuerrecht Absolute UCITS (2) Isurus (2) ACC Docket IT Europa
    [Show full text]
  • The History and Remedy of Financial Crises and Bank Failures
    The author Michael Schemmann Michael Sche is a professional banker, certified public accountant, and university professor of accounting and finance. The book reviews a long litany of financial crises and bank failures since the 3rd century right up to the ongoing Global Financial Crisis. The author analyzes the financial statement mmann of a large international commercial bank in Frankfurt, Germany, and concludes that IFRS accounting principles and standards are not followed but violated, rendering the statements rather false and misleading. The book contains a remedy to end the Global Financial Crisis and prevent future crises, calling on the European Central Bank to step in and take over the role of money Money creator which is currently done by the private commercial banks, and allow governments to buy-back their general Breakdown and government debt theld by the banks, thereby reducing the MON outstanding sovereign debt of the euro area by 32% while improving the banks' liquidity sevenfold in a way that is Breakthrough completely inflation-neutral (sterile). The misconceived EY austerity programs 'to save the euro' can then be rolled back and abandoned. Br iicpa eak do The History and Remedy IICPA Publications wn and Br 1st Edition - 31 October 2013 of Financial Crises and ISBN 978-1492920595 eak Bank Failures thr ough IICPA PUBLICATIONS Money. Breakdown and Breakthrough. The History and Modern states gave control of monetary policy and markets to the Remedy of Financial Crises and Bank Failures. (1st Edition.) barons of global finance. The experiment has resulted in the same By Michael Schemmann disastrous outcomes as before.
    [Show full text]
  • Bagehot for Central Bankers Laurent Le Maux
    Bagehot for Central Bankers Laurent Le Maux To cite this version: Laurent Le Maux. Bagehot for Central Bankers. 2021. hal-03201509 HAL Id: hal-03201509 https://hal.archives-ouvertes.fr/hal-03201509 Preprint submitted on 19 Apr 2021 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Bagehot for Central Bankers Laurent Le Maux* Working Paper No. 147 February 10th, 2021 ABSTRACT Walter Bagehot (1873) published his famous book, Lombard Street, almost 150 years ago. The adage “lending freely against good collateral at a penalty rate” is associated with his name and his book has always been set on a pedestal and is still considered as the leading reference on the role of lender of last resort. Nonetheless, without a clear understanding of the theoretical grounds and the institutional features of the British banking system, any interpretation of Bagehot’s writings remains vague if not misleading—which is worrisome if they are supposed to provide a guideline for policy makers. The purpose of the present paper is to determine whether Bagehot’s recommendation remains relevant for modern central bankers or whether it was indigenous to the monetary and banking architecture of Victorian times.
    [Show full text]
  • Bibliography
    BIBLIOGRAPHY Ackroyd, P. (1991). Charles Dickens. London: Methuen. Adams, E. (2011). Liberal Epic: The Victorian Practice of History from Gibbon to Churchill. Charlottesville: University of Virginia Press. Aldous, R. (2007). The Lion and the Unicorn: Gladstone v Disraeli. London: Pimlico. Allan, T. (1993). Law, Liberty and Justice. Oxford: Oxford University Press. Allan, T. (2001). Constitutional Justice: A Liberal Theory of the Rule of Law. Oxford: Oxford University Press. Allison, J. (2007). The English Historical Constitution: Continuity, Change and European Effects. Cambridge: Cambridge University Press. Alter, R. (1968). The Demons of History in Dickens, Tale. Novel, 2, 135–142. Anderson, A. (2007). Trollope’s Modernity. ELH, 74, 509–534. Anderson, O. (1967). The Political Uses of History in Mid Nineteenth Century England. Past and Present, 36, 87–105. Arnold, M. (1968). Essays in Criticism. Chicago: Chicago University Press. Arnold, M. (1986). Matthew Arnold: A Critical Edition of the Major Works. Oxford: Oxford University Press. Arnold, M. (1993). Culture and Anarchy, and Other Writings. Cambridge: Cambridge University Press. Arnstein, W. (1962). Gladstone and the Bradlaugh Case. Victorian Studies, 5, 303–330. Arnstein, W. (2003). Queen Victoria. Basingstoke: Palgrave. Bagehot, W. (1965). The Collected Works of Walter Bagehot (St. John Stevas, Ed.). London: The Economist. © The Editor(s) (if applicable) and The Author(s), 195 under exclusive license to Springer International Publishing AG, part of Springer Nature 2018 I. Ward, Writing the Victorian Constitution, Palgrave Modern Legal History, https://doi.org/10.1007/978-3-319-96676-2 196 BIBLIOGRAPHY Bagehot, W. (2001). The English Constitution. Cambridge: Cambridge University Press. Balfour, A. (1928).
    [Show full text]
  • Federal Communications Commission DA 16-510 Before the Federal
    Federal Communications Commission DA 16-510 Before the Federal Communications Commission Washington, D.C. 20554 In the Matter of ) ) Annual Assessment of the Status of Competition in ) MB Docket No. 15-158 the Market for the Delivery of Video Programming ) SEVENTEENTH REPORT Adopted: May 6, 2016 Released: May 6, 2016 By the Chief, Media Bureau: TABLE OF CONTENTS Heading Paragraph # I. EXECUTIVE SUMMARY.................................................................................................................... 1 II. INTRODUCTION................................................................................................................................ 13 A. Scope of the Report........................................................................................................................ 13 B. Analytic Framework ...................................................................................................................... 14 C. Data Sources .................................................................................................................................. 15 III. PROVIDERS OF DELIVERED VIDEO PROGRAMMING.............................................................. 16 A. Multichannel Video Programming Distributors ............................................................................ 16 1. MVPD Providers ..................................................................................................................... 16 a. Regulatory Conditions Affecting Competition................................................................
    [Show full text]
  • ———————— Number 28 of 2007 ———————— STATUTE LAW REVISION ACT 2007 ———————— ARRAN
    Click here for Explanatory Memorandum ———————— Number 28 of 2007 ———————— STATUTE LAW REVISION ACT 2007 ———————— ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. General statute law revision repeal and saver. 3. Specific repeals. 4. Assignment of short titles. 5. Amendment of Short Titles Act 1896. 6. Amendment of Short Titles Act 1962. 7. Miscellaneous amendments to post-1800 short titles. 8. Evidence of certain early statutes, etc. 9. Savings. 10. Short title and collective citation. SCHEDULE 1 Statutes retained PART 1 Pre-Union Irish Statutes 1169 to 1800 PART 2 Statutes of England 1066 to 1706 PART 3 Statutes of Great Britain 1707 to 1800 PART 4 Statutes of the United Kingdom of Great Britain and Ireland 1801 to 1922 1 [No. 28.]Statute Law Revision Act 2007. [2007.] SCHEDULE 2 Statutes Specifically Repealed PART 1 Pre-Union Irish Statutes 1169 to 1800 PART 2 Statutes of England 1066 to 1706 PART 3 Statutes of Great Britain 1707 to 1800 PART 4 Statutes of the United Kingdom of Great Britain and Ireland 1801 to 1922 ———————— 2 [2007.]Statute Law Revision Act 2007. [No. 28.] Acts Referred to Bill of Rights 1688 1 Will. & Mary, sess. 2, c. 2 Documentary Evidence Act 1868 31 & 32 Vict., c. 37 Documentary Evidence Act 1882 45 & 46 Vict., c. 9 Dower Act 1297 25 Edw. 1, Magna Carta, c. 7 Drainage and Improvement of Lands Supplemental Act (Ireland) (No. 2) 1867 31 & 32 Vict., c. 3 Dublin Hospitals Regulation Act 1856 19 & 20 Vict., c. 110 Evidence Act 1845 8 & 9 Vict., c. 113 Forfeiture Act 1639 15 Chas.
    [Show full text]
  • The State of Fact-Checking in Science Journalism
    The State of Fact-Checking in Science Journalism June 2018 Brooke Borel, author and project coordinator; Knvul Sheikh, researcher; Fatima Husain, researcher; Ashley Junger, researcher; Erin Biba, fact-checker; and Deborah Blum and Bettina Urcuioli of the Knight Science Journalism Program at MIT. This report is made possible by a generous grant from the Gordon and Betty Moore Foundation to the Knight Science Journalism Program at MIT. Both the project staff and KSJ would like to thank both the foundation and, in particular, Holly Potter, chief communications officer of the foundation, for her support of this project and of excellency in science journalism. TABLE OF CONTENTS 1. EXECUTIVE SUMMARY ________________________________________________________ 1 2. INTRODUCTION _____________________________________________________________ 3 3. DEFINITIONS _______________________________________________________________ 4 3.1 Science journalism ____________________________________________________ 4 3.2 Fact-checking ________________________________________________________ 4 3.3 THe magazine model __________________________________________________ 5 3.4 THe newspaper model__________________________________________________5 4. METHODS _________________________________________________________________ 5 4.1. Surveys_____________________________________________________________ 6 4.1.a Testing and distributing_________________________________________ 6 4.1.b Compiling the master outlet list__________________________________ 6 4.1.c Compiling the master
    [Show full text]